US oil companies could be converted to carbon removal obligation, says academic
A fresh lobbying campaign in the US to mandate fossil fuel companies to use carbon removal (CDR) technology may garner support from the oil sector, an academic and sectoral expert told Carbon Pulse this week.
Read MoreNearly 600 mln eligible CORSIA credits held up in LoA bottleneck, finds rating agency
The bottleneck in host countries approving projects for CORSIA, the international aviation offsetting scheme, is holding back nearly 600 million eligible credits to date, a ratings agency has found.
Read MoreCarbon removal registry seeks to certify credits under EU’s CRCF
A major carbon removal (CDR) registry will evolve to issue three different classes of credits, it said Tuesday, after announcing plans to certify units under the EU’s Carbon Removals and Carbon Farming (CRCF) scheme.
Read MoreVerra approves first jurisdictional and nested REDD+ carbon programme
Verra has approved its first-ever government-led REDD+ project, a milestone as countries seek to monetise the avoided deforestation sector under jurisdictional carbon crediting.
Read MoreSouth African tour operator looks to lure tourists with carbon offset safari nights
Tourists on safari in South Africa can now offset their carbon emissions through a new partnership between a luxury tour firm and a grassland restoration project certified under Verra’s VM0042.
Read MoreMajor DAC developer clinches backing for future plant in North America
The developer of the world’s largest direct air capture (DAC) facility has received backing to develop a new plant in North America alongside a mix of other carbon removal (CDR) projects.
Read MoreUS oil company retires forest credits from Guyana worth $250 million
A US oil major this week retired an estimated $250 million in avoided deforestation credits generated as a byproduct of one of the largest oil discoveries in decades, a project that has since sparked a multi-billion dollar legal battle.
Read More2027 likely to be hottest year on record, UN warns
The world is on course for record-breaking average temperatures in excess of the Paris Agreement’s goals over the next five years, and 2027 could be the hottest, a UN agency has warned.
Read MoreGlobal investment in oil declines for third year amid shift to renewables, finds IEA
Worldwide investment in oil will decline for a third consecutive year in 2026, while the shift to renewables and nuclear could accelerate after the US-Israeli war against Iran triggered a focus on energy security, the International Energy Agency (IEA) said Thursday.
Read MorePeru eyes REDD carbon sales into Singapore under Article 6 by 2027, says developer
Peru will be looking to sell around 1 million forest carbon credits a year into the Singapore market under its bilateral Article 6.2 deal, a project developer told Carbon Pulse this week.
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